Page 5 - Asian Stocks

Asian tech stocks gain while dollar rises amid Fed rate hike expectations

Japan's Nikkei rose 0.8%, helped by gains in tech stocks such as Sony

Asian shares soar after Wall Street hits record, Japan inflation eases

Asian stock markets were mostly higher Friday after Wall Street hit a record and Japanese inflation eased. Market benchmarks in Shanghai, Tokyo and Sydney advanced. Hong Kong declined. Wall Street's benchmark S&P 500 index advanced 0.3%, putting it on track for a weekly gain. Investors are shifting focus from corporate earnings to the longer-term outlook for global economies and whether central banks might feel pressure to cool rising prices by rolling back stimulus faster than planned. Inflation is currently the main focal area for the markets, Fawad Razaqzada of ThinkMarkets said in a report. On Friday, Japan's government reported October consumer inflation eased to 0.1% over a year earlier from the previous month's 0.2%. The Shanghai Composite Index rose 0.3% to 3,531.26 and the Nikkei 225 in Tokyo gained 0.4% to 29,718.62. The Hang Seng in Hong Kong sank 1.7% to 24,878.87. The Kospi in Seoul advanced 0.4% to 2,958.64 and Sydney's S&P-ASX 200 added 0.2% to 7,391.60. New ...

Asian shares decline after stock indexes shuffle lower on Wall Street

Asian shares mostly declined Thursday after stock indexes shuffled lower on Wall Street. Japan's benchmark Nikkei 225 dipped 0.7% to 29,490.53 in early trading. Australia's S&P/ASX 200 edged up 0.2% to 7,381.40, while South Korea's Kospi slipped 0.6% to 2,944.52. Hong Kong's Hang Seng dropped 1.7% to 25,227.83. The Shanghai Composite shed 0.5% to 3,520.77. Recent government data have shown the coronavirus pandemic continues to hurt the Japanese economy. A supply crunch in chips and other parts needed to produce autos, a mainstay of the world's third-largest economy, is one reason. The damage to consumer spending brought on by recent government measures to close restaurants early and open theaters to limited crowds is another factor. Japan has never had a lockdown but has called periodically for a state of emergency to curb the spread of infections. Junichi Makino, chief economist for SMBC Nikko Securities, said the Japanese recovery that many initially expected to get started this

Asian stocks rise after Joe Biden, Xi Jinping hold first summit virtually

Asian stock markets rose Tuesday after President Joe Biden and China's Xi Jinping held a summit meeting by video link. Shanghai, Tokyo and Hong Kong, which make up the bulk of the region's market value, advanced. Seoul and Sydney declined. Wall Street's benchmark S&P 500 index lost less than 0.1% as makers of household goods rose and health care stocks fell. Biden told Xi their goal should be to ensure competition does not veer into conflict. The two leaders met amid tension over trade, technology, human rights, Hong Kong and Taiwan. Xi said he was ready to build consensus" and said the two sides need to improve communication. The meeting will dominate the session ahead, though White House officials have tempered expectations for any meaningful progress, said Anderson Alves of ActivTrades in a report. The Shanghai Composite Index rose 0.3% to 3,543.46 and Tokyo's Nikkei 225 added less than 0.1% to 29,783.18. The Hang Seng in Hong Kong was 1% higher at 25,658.04. The Kospi in Seou

Asian stocks stumble as weak China data fan global growth worries

MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.82%, extending earlier losses after the release of the Chinese data

Asia shares make sluggish start, Nikkei hesitates near 30-year high

Japanese shares have been on a tear as hopes for fresh stimulus from a new Prime Minister saw the Nikkei surge 4.3% last week

Asian shares on edge in choppy trading as more risk-averse mood spread

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.13% having posted gains, if sometimes small, for 11 of the last 12 sessions

Asian shares hold gains, dollar weak ahead of major US jobs data

Japan's Nikkei rose 0.38%, and MSCI's all-country world index edged higher having ended the previous session at its fifth consecutive closing high

Asian shares up on dovish Fed chair, oil up as hurricane batters Louisiana

Asian shares started the week with gains and the dollar was not far off two-week lows after US Fed Reserve Chairman Powell struck a more dovish tone than some investors expected in long-awaited speech

Asian shares spooked by Delta variant's spread as Jackson Hole looms

Investors are mostly waiting for the Federal Reserve's Jackson Hole symposium on Friday and what central bank chair Jerome Powell might say about U.S. tapering monetary stimulus

Asian stocks rally on extended Wall Street bounce, easing Fed taper worries

MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.2%, with Japan and South Korean indexes jumping more than 1%. Australia shares were up 0.2% and Taiwan stocks rose 0.7%.

Asian equities diverge from record-setting world stocks; dollar steady

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.87%, and was down 1.09% for the week.

Asian equities fall in early trade after world stocks hit new record

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.59%, having closed lower on each of the past three days

Asian shares fall as Delta variant of Covid-19 casts shadow over growth

MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.35%, dragged down by Chinese blue chips, which fell 0.56% and Hong Kong down 0.46%

Asian stocks slip as spread of Delta coronavirus variant spooks investors

In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.40% in early trading.

Asian stock markets advance after Wall Street rises to new record

Asian stock markets were mostly higher Tuesday as investors looked ahead to a Federal Reserve report for an update on when US stimulus might start winding down. Shanghai, Tokyo and Seoul advanced while Hong Kong retreated. On Monday, Wall Street's benchmark S&P 500 index rose to a new record, shrugging off worries about the spread of the coronavirus's more contagious Delta variant. Investors awaited the Fed report Wednesday for signs of the central bank's level of concern about inflation and when it might start rolling back easy credit and other economic stimulus. Minutes of the Fed meeting in June showed board members discussed how and when they might reduce monthly bond purchases that inject money into the financial system. We expect Jay Powell to reiterate that the tapering discussion is underway, but that it's too soon to reveal a specific date, Danielle DiMartino Booth of Quill Intelligence said in a report. The Shanghai Composite Index gained 0.2% to 3,475.66 and the Nikkei

Asian stocks hit 2-month lows as Delta variant shatters confidence

Asian shares stumbled to two-month lows on Friday and were set for their worst weekly performance since February as confidence took a beating over the global spread of the Delta virus variant

Indian hedge funds beat Asian, EM peers; provide 6.6% returns in May

Provide 6.6% returns in May; rebound comes after retreat in April as 2nd wave took hold

Asian shares start on cautious note amid spike in coronavirus cases

Asian shares got the week off to a cautious start on Monday as a spike in coronavirus cases across Asia over the weekend hurt investor sentiment

Asian stocks extend global rally to seventh day; US stimulus in focus

Tokyo led the advance, with the Nikkei jumping 1.9% early in the session. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.3%, hitting its highest level this month